made the case the federal government should have made many years back, the federal government was queasy, unwilling to do it. eric deserves credit for the fortitude of trying to say to the public we will hold them accountable individually and institutionally for the wrong that did enormous harm to our society. >> on another show, the case was made that perhaps it was a little unfair to j.p. morgan because they did not necessarily want to buy bear stearns so now here they are in this position after having done the economy a favor and now are being sued and had the company gone under we wouldn't have even had a company, a bank to go after in this lawsuit. what do you think about that? >> newt frivolous argument. if it were frivolous howard wouldn't have made it. there is logic to it. morgan chase can say come on, we got whip sawed. we did get into this acquisition at the behest of the fed. on the other hand, they were given norm mouse taxpayer support for it and now have to face the issue. even though morgan chase was so far the only major entity sued, the others in the process will have t